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Harvard Kennedy School faculty disseminate their research in working papers and publications that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Papers and Publications

Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.
Ganong, Peter, and Jeffrey B. Liebman. "The Decline, Rebound, and Further Rise in Snap Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes." American Economic Journal: Economic Policy 10.4 (November 2018).
Watkins, David A., Gavin Yamey, Marco Schäferhoff, Olusoji Adeyi, George Alleyne, Ala Alwan, Seth Berkley et al. "Alma-Ata at 40 Years: Reflections from the Lancet Commission on Investing in Health." The Lancet 392.10156 (October 2018): 1434-1460.
Summers, Lawrence H. "Secular Stagnation and Macroeconomic Policy." IMF Economic Review 66.2 (June 2018): 226–250.
Summers, Lawrence H. "Taxes for Health: Evidence Clears the Air." The Lancet 391.10134 (May 2018): 1974-1976.
Fatas, Antonio, and Lawrence H. Summers. "The Permanent Effects of Fiscal Consolidations." Journal of International Economics 112 (May 2018): 238-250.
Magud, Nicolas E., Carmen M. Reinhart, and Kenneth S. Rogof. "Capital Controls: Myth and Reality." Annals of Economics and Finance 19.1 (May 2018): 1-47.
Barro, Robert J., and Jason Furman. "Macroeconomic Effects of the 2017 Tax Reform." Brookings Papers on Economic Activity (Spring 2018).
Glaeser, Edward L., and Joseph Gyourko. "The Economic Implications of Housing Supply." Journal of Economic Perspectives 32.1 (Winter 2018).
Jorgenson, Dale W., and Paul Schreyer. "Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts." Review of Income and Wealth 63.s2 (December 2017).
Dobbie, Will, Paul Goldsmith-Pinkham, and Crystal Yang. "Consumer Bankruptcy and Financial Health." Review of Economics and Statistics 99.5 (2017): 853-869.
William Julius Wilson. "Why Sociologists Matter in the Welfare Reform Debate." Contemporary Sociology 46.6 (November 2017): 627-634.
Liebman, Jeffrey B., and Neale Mahoney. "Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement." American Economic Review 107.11 (November 2017): 3510-3549.
Furman, Jason. "How Lawyers Can Help Macroeconomists in the Wake of Three Major Challenges." Yale Journal on Regulation 34 (Fall 2017).
Furman, Jason. "What Is the Potential Growth Rate of the U.S. Economy, and How Might Policy Affect It?" Business Economics 52.3 (July 2017): 158-167.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(K) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Madrian, Brigitte. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Elmendorf, Douglas. "Federal Policy and Economic Growth." Business Economics 52.3 (July 2017): 149–153.
Elmendorf, Douglas, and Louise M. Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Journal of Economic Perspectives 31.3 (Summer 2017).
Dogan, Pinar, Marc Bourreau, and Romain Lestage. "Niveau d'Accès et Investissement dans les Réseaux de Télécommunications." Revue Économique 67.HS1 (2016).
Elmendorf, Douglas W., and Louise Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Hutchins Center Working Papers (October 2016).
Summers, Lawrence H. "Secular Stagnation and Monetary Policy." Review 98.2 (2nd Quarter 2016): 93-110.
Reinhart, Carmen M., Vincent Reinhart, Christoph Trebesch. "Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815–2015." The American Economic Review 106.5 (May 2016): 574-580.
Khan, Adnan Q., Asim Ijaz Khwaja, and Benjamin Olken. "Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors." Quarterly Journal of Economics 131.1 (February 2016).
Reinhart, Carmen M., and Christoph Trebesch. "Sovereign Debt Relief and Its Aftermath." Journal of the European Economic Association 14.1 (February 2016): 215-251.
Schäferhoff, Marco, Sara Fewer, Jessica Kraus, Emil Richter, Lawrence H. Summers, Jesper Sundewall, Gavin Yamey, and Dean T. Jamison. "How Much Donor Financing for Health is Channeled to Global Versus Country-Specific Aid Functions?" Lancet 386.10011 (December 2015): 2436-2441.
Hogan, William W. "Electricity Markets and the Clean Power Plan." Electricity Journal 28.9 (November 2015): 9-32.
Elmendorf, Douglas. "Designing Federal Budget Policy to Spur Economic Growth." The Brookings Institution (October 13, 2015).
Elmendorf, Douglas. "Dynamic Scoring: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals." Brookings Institution: Brookings Papers on Economic Activity (September 2015).
Reinhart, Carmen, and Kenneth Rogoff. "Dealing with Debt." Journal of International Economics 96 (July 2015): S43-S55.
Reinhart, Carmen M, and Vincent R. Reinhart. "Financial Crises, Development, and Growth: A Long-term Perspective." World Bank Economic Review (April 2015).
Fuentes, Miguel D., Claudio Raddatz, and Carmen M. Reinhart. "Capital Mobility and Monetary Policy: An Overview." Journal Economía Chilena 18.1 (April 2015): 50-67.
Reinhart, Carmen M., and M. Belen Sbrancia. "The Liquidation of Government Debt." Economic Policy 30.82 (March 2015): 291-333.
Frankel, Jeffrey A. "China Is Not Yet Number One." Frontiers of Economics in China 10.1 (March 2015): 1-6.
Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part 1, Tales from 990 Forms." Nonprofit Management and Leadership 25.19 (Fall 2014): 41-57.
Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention." Nonprofit Management and Leadership 25.19 (Fall 2014): 59-75.
Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." Central Bank Review 14.3 (September 2014): 1-14.
Magud, Nicolas E., Carmen M. Reinhart, and Esteban R. Vesperoni. "Capital Inflows, Exchange Rate Flexibility and Credit Booms." Review of Development Economics 18.3 (August 2014): 415-430.
Reinhart, Carmen M., and Kenneth S. Rogoff. "Recovery from Financial Crises: Evidence from 100 Episodes." American Economic Review 104.5 (May 2014): 50-55.
Reinhart, Carmen, and Ken Rogoff. "Addicted to Dollars." Annals of Economics and Finance 15.1 (May 2014): 1-52.
Frankel, Jeffrey A., and Jesse Schreger. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone." Review of World Economics 149.2 (2013): 247-272.
Frankel, Jeffrey A., Carlos A Vegh, and Guillermo Vuletin. "On Graduation from Fiscal Procyclicality." Journal of Development Economics 100.1 (January 2013): 32–47.
Frankel, Jeffrey A. "Internationalization of the RMB and Historical Precedents." Journal of Economic Integration 27.3 (September 2012): 329-365.
Perkins, Dwight H. "Rapid Growth and Changing Economic Structure: The Expenditure Side Story and its Implications for China." China Economic Review 3 (September 2012): 501-511.
Frankel, Jeffrey A., and George Saravelos. "Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008–09 Global Financial Crisis." Journal of International Economics 87.2 (July 2012): 216–231.
Frankel, Jeffrey A. "Economic Shocks and International Politics." Survival: Global Politics and Strategy 54.3 (June/July 2012): 29–46.
Frankel, Jeffrey A., David Parsley, and Shang-Jin Wei. "Slow Pass-through Around the World: A New Import for Developing Countries?" Open Economies Review 23.2 (April 2012): 213-251.
Frankel, Jeffrey A. "What Small Countries Can Teach the World." Business Economics 47 (2012): 97–103.
Prasetyantoko, A and Jay K. Rosengard. "If the Banks are Doing so Well, Why Can't I Get a Loan? Regulatory Constraints to Financial Inclusion in Indonesia." Asian Economic Policy Review 6.2 (December 2011): 273-296.